The global printed electronics market was valued at US$ 4,771.9 Million in 2021 and is expected to surpass US$ 55,566.5 Million by 2030, registering a CAGR of 22.1% during the forecast period (2022-2030), according to the Global Printed Electronics Market Report, by Materials (Substrate and Inks), by Technology (Flexography, Ink-jet Printing, Gravure Printing, Screen Printing, and Others), by Application (Sensors, Displays, Batteries, RFID, Lighting, Photovoltaic, and others), by Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa), published by Coherent Market Insights.
Growing demand for smart devices and displays is one of the major driving factors for the market. Continuous technological advancement in the field of electronic components that use printed electronics in turn is having a positive impact on the market for printed electronics globally. The demand for printed electronics is anticipated to surge over the forecast period as growing demand for printed batteries and printed antennas is one of the key reasons behind the growth of printed electronics globally. Printed electronics are required for the mass production of tags, color e-papers and smart labels which is another prime factor fueling the market. Smart touch devices and displays are anticipated to contribute in the positive growth of the printed electronics market over the forecast period.
Easy production and integration, low cost along with flexible form factor are some of the major advantages of printed electronics which is contributing in the positive growth of the market. The growth in the revenue of the global printed electronics market is also attributable to growing application of the printed sensors and batteries in various industries. Increasing application of printed batteries in different medical devices is also considered as one of the drivers for the market. Medical sensors and diagnostic devices are some of the prime application areas of the printed electronics. Wireless sensors, smart cards, portable electronic devices are core application areas for the printed electronics globally, which is anticipated to boost the growth of the market over the forecast period.
Global Printed Electronics Market - Impact of Coronavirus (Covid-19) Pandemic
The COVID-19 pandemic has impacted the companies severely not just because of the market changes. Automotive projects which were in the developing stage were put on hold where printed electronics is widely used. The sales of electric vehicles reduced in the pandemic period hence the use of printed electronics for battery conditioning reduced and impacted the business of printed electronics. All these factors led to decline in sales of printed electronics in the pandemic period.
To know the latest trends and insights prevalent in this market, click the link below:
Browse 150 market data tables* and 90 figures* on “Global Printed Electronics Market- Global forecast to 2030”
Key Trends and Analysis of the Global Printed Electronics Market: